NYSE:TECK

Teck Resources - TECK Stock Forecast, Price & News

$37.70

-0.05 (-0.13%)

(As of 12/2/2022 09:01 PM ET)

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Today's Range: $36.92
▼
$38.16
50-Day Range: $28.58
▼
$37.75
52-Week Range: $24.72
▼
$45.90

Volume: 2.94 million shs
Average Volume: 5.21 million shs
Market Capitalization: $19.02 billion

P/E Ratio: 5.74
Dividend Yield: 1.01%
Price Target: $51.38

Teck Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 36.3% Upside
$51.38 Price Target
Short Interest: Healthy
2.73% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: 0.19
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -42.00%
From $6.81 to $3.95 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Basic Materials Sector

16th out of 168 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

1st out of 16 stocks

4.4

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.38, Teck Resources has a forecasted upside of 36.3% from its current price of $37.70.
Amount of Analyst Coverage
Teck Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.73% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently decreased by 6.15%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Teck Resources pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Teck Resources is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 9.62% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

1.8

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Teck Resources this week, compared to 3 articles on an average week.
Search Interest
Only 15 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Teck Resources is held by insiders.
Percentage Held by Institutions
55.01% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to decrease by -42.00% in the coming year, from $6.81 to $3.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 5.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 5.74, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.17.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Teck Resources (NYSE:TECK) Stock

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen. It also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, the company explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

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TECK Stock News Headlines

December 3, 2022 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) to Post FY2023 Earnings of $4.16 Per Share, Jefferies Financial Group Forecasts

December 2, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) Given New C$61.00 Price Target at Stifel Nicolaus

December 5, 2022 | Investorplace Media (Ad)

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December 1, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) Stock Price Up 6.5%

December 1, 2022 | americanbankingnews.com

Teck Resources (NYSE:TECK) Rating Increased to Buy at StockNews.com

November 25, 2022 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) Receives $51.31 Average PT from Analysts

November 11, 2022 | theglobeandmail.com

Manulife to appoint former Teck Resources CEO Don Lindsay as board chair in February

November 3, 2022 | msn.com

Suncor 'not looking to do M&A,' interim CEO says following Teck deal

December 5, 2022 | Investorplace Media (Ad)

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November 2, 2022 | finance.yahoo.com

Teck Resources Sees RS Rating Jump To 84, Becoming A Stock To Watch

October 31, 2022 | finance.yahoo.com

Teck and Ocean Regenerative Collaborate to Use Seaweed to Grow Trees

October 29, 2022 | markets.businessinsider.com

Barclays Keeps Their Hold Rating on Teck Resources (TECK)

October 28, 2022 | seekingalpha.com

Teck Resources tumbles as Q3 loss, cost overruns spark analyst downgrades

October 27, 2022 | marketwatch.com

Teck Cuts Steelmaking-Coal-Production Guidance for Year -- Commodity Comment

October 27, 2022 | msn.com

Teck Resources: Q3 Earnings Insights

October 27, 2022 | seekingalpha.com

Teck Resources Ltd (TECK) Q3 2022 Earnings Call Transcript

October 27, 2022 | seekingalpha.com

Teck Resources cuts full-year steelmaking coal production guidance

October 27, 2022 | ca.finance.yahoo.com

Teck Resources' oilsands exit will allow it to lean into 'low-carbon metals,' says CEO

October 27, 2022 | finance.yahoo.com

UPDATE 1-Canada's Teck Resources swings to Q3 loss on high diesel, low copper prices

October 27, 2022 | theglobeandmail.com

Teck Resources exits oil sands with $1-billion sale of Fort Hills stake to Suncor

October 26, 2022 | finance.yahoo.com

Teck Resources Ltd (TECK) Upgraded to Buy: Here's Why

October 24, 2022 | markets.businessinsider.com

Teck's Shehzad Bharmal Elected as Chairman of the Board of the International Copper Association

October 20, 2022 | finance.yahoo.com

Analysts Estimate Teck Resources Ltd (TECK) to Report a Decline in Earnings: What to Look Out for

October 17, 2022 | proactiveinvestors.com

Copper Fox partner Teck Resources completes metallurgical drilling at the Schaft Creek Project

October 10, 2022 | finance.yahoo.com

Teck Resources Limited: Winners and Losers From Foreign Exchange and Commodity Price Moves on Recession Fears

October 3, 2022 | finance.yahoo.com

Why Teck Resources Ltd (TECK) is a Top Value Stock for the Long-Term

September 30, 2022 | ca.finance.yahoo.com

Stocks in play: Tactical Resources Corp

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TECK Company Calendar

Last Earnings: 10/27/2021
Ex-Dividend for 9/29 Dividend: 9/14/2022
Dividend Payable: 9/29/2022
Today: 12/04/2022
Ex-Dividend for 12/30 Dividend: 12/14/2022
Dividend Payable: 12/30/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/23/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:TECK
CUSIP: N/A
CIK: 886986
Web: www.teck.com
Phone: (604) 699-4000
Fax: 604-699-4750
Employees: 10,600
Year Founded: 1906

Price Target and Rating

Average Stock Price Forecast: $51.38
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $42.00
Forecasted Upside/Downside: +36.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.57
Trailing P/E Ratio: 5.74
Forward P/E Ratio: 5.54
P/E Growth: 0.99
Net Income: $2.29 billion
Net Margins: 22.99%
Pretax Margin: 36.74%
Return on Equity: 22.53%
Return on Assets: 11.62%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 1.65
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $10.76 billion
Price / Sales: 1.77
Cash Flow: $7.03 per share
Price / Cash Flow: 5.36
Book Value: $36.03 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 504,497,000
Free Float: 503,791,000
Market Cap: $19.02 billion
Optionable: Optionable
Beta: 1.10

Social Links

Key Executives

Mr. Donald R. Lindsay B.Sc. Honours (Age 63)
M.B.A, Pres, CEO & Director
Comp: $3.67M

Mr. Harry Milton Conger IV (Age 66)
Exec. VP & COO
Comp: $1.47M

Mr. Peter C. Rozee
Sr. VP of Commercial & Legal Affairs

Mr. Robin B. Sheremeta
Sr. VP of Coal

Crystal J. Prystai
VP, Corp. Controller & Interim CFO

Mr. Alexander Nicholas Christopher B.Sc (Hons) (Age 56)
B.Sc., P.Geo (BC), P.Geo., Sr. VP of Projects & Technical Services

Mr. H. Fraser Phillips
Sr. VP of Investor Relations & Strategic Analysis

Chris Stannell
PR Mang.

Mr. Réal Foley
Sr. VP of Marketing & Logistics

Mr. Nicholas Peter M. Hooper (Age 51)
Sr. VP of Corp. Devel. & Exploration

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TECK Stock - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.
What is Teck Resources' stock price forecast for 2023?: 14 Wall Street research analysts have issued twelve-month price objectives for Teck Resources' shares. Their TECK share price forecasts range from $42.00 to $63.00. On average, they expect the company's share price to reach $51.38 in the next year. This suggests a possible upside of 36.3% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.
How have TECK shares performed in 2022?: Teck Resources' stock was trading at $28.82 at the beginning of the year. Since then, TECK stock has increased by 30.8% and is now trading at $37.70.
View the best growth stocks for 2022 here.
When is Teck Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TECK earnings forecast.
How were Teck Resources' earnings last quarter?: Teck Resources Limited (NYSE:TECK) announced its earnings results on Wednesday, October, 27th. The basic materials company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.40. The basic materials company earned $3.97 billion during the quarter, compared to the consensus estimate of $3.63 billion. Teck Resources had a trailing twelve-month return on equity of 22.53% and a net margin of 22.99%. Teck Resources's quarterly revenue was up 73.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS.
How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?: Teck Resources declared a quarterly dividend on Wednesday, November 16th. Investors of record on Thursday, December 15th will be given a dividend of $0.0939 per share on Friday, December 30th. This represents a $0.38 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for TECK.

Is Teck Resources a good dividend stock?: Teck Resources (NYSE:TECK) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 9.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.
What other stocks do shareholders of Teck Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).
What is Teck Resources' stock symbol?: Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."
Who are Teck Resources' major shareholders?: Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.09%), Davis Selected Advisers (2.53%), Dimensional Fund Advisors LP (1.20%), CIBC Asset Management Inc (1.11%), Letko Brosseau & Associates Inc. (1.06%) and Bank of Montreal Can (0.96%).
How do I buy shares of Teck Resources?: Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Teck Resources' stock price today?: One share of TECK stock can currently be purchased for approximately $37.70.
How much money does Teck Resources make?: Teck Resources (NYSE:TECK) has a market capitalization of $19.02 billion and generates $10.76 billion in revenue each year. The basic materials company earns $2.29 billion in net income (profit) each year or $6.57 on an earnings per share basis.
How many employees does Teck Resources have?: The company employs 10,600 workers across the globe.
How can I contact Teck Resources?: Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.

This page (NYSE:TECK) was last updated on 12/5/2022 by MarketBeat.com Staff

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